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Student loan forgiveness: Biden promise to forgive $10,000 in debt remains unfulfilled
Comments
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That's a British newspaperRaceBannon said:
In December of 2019 the media still dared to criticize JoeBob_C said:
Joe knows why.DerekJohnson said:
The key question is why is it that student loans are the only loans of which you can't default via bankruptcy? Why?RoadDawg55 said:Mixed feelings on student loan forgiveness. On one hand, loans should be repaid. Nobody made them take the student loan. On the other hand, academia has been a huge racket for awhile.
An 18 year old with no credit can’t get a $10,000 loan to open a business, but they will give the same 18 year old $100,000 to attend college.
https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020 -
Yep but ABC News ran an article on his crime family
The media wanted anyone but Joe until they were told otherwise -
If you borrow money you pay it back! I know that's a difficult concept for some.
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There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know. -
The issue is that now you have to have a college degree to get a shitty low level office job which in no way requires one.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
Also making it dischargeable in bankruptcy pretty much ends gender studies and other bullshit. No ones gonna finance that.
Honestly I'd like to get the upcoming academies that the tech companies will put on going. Because once you can do those it's gonna be pretty compelling -
Fair?
As an “older” poster, I would not have considered (for a second) borrowing the kind of money many kids have done to get the quality of education they are getting.
For certain majors and certain schools, I’d have to think long and hard about it.
For any type of liberal arts indoctrination, Fuck no!
I didn’t have parents catering to my whims or paying my way.
ROI?
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“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either. -
Difficult concept to grasp for many.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
Make poor decisions and expect others to pay for it . . . -
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life? -
I don't see it that way. These kids have parents and advice galore. Most go to college to party and get some unemployable useless degree. It's unfortunate but It's still their choice and they were adults. Be a man or woman and keep your word! I was always taught a man's word is a bond and you're worthless without integrity. I normally do business on a handshake. When we had or business we had great relationships with our suppliers etc. Trust is what the world use to run on but it barely exists anymore.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
